Recently Fibrax won the contract to supply Brompton Bicycle with brakes for their range of folding bicycles. This business was won on the basis of superior braking performance of Fibrax pads, when compared to other leading brands, in Brompton testing. Bicycles with the new improved brakes are on sale in shops now and aftermarket Fibrax produced inserts and pads will be available from the usual Brompton stockists.
In 2007 Fibrax acquired the Automotive Moulding sector of British Vita PLC. These sales had a value of £2.5 Million per annum. This acquisition involved the closure of their site in Manchester and the movement of equipment, tooling and services to Wrexham. These sales added to existing sales of £6.5 Million and positions Fibrax as a very sustainable volume manufacturer from the UK.
Fibrax also have a manufacturing site in Poland along with manufacturing associations in Turkey, Italy, Mexico, USA and China.
The cycle sector of Fibrax business now equates to 16 per cent of the company's turnover.
The youthful management team, now lead by John O'Brien, believe there is a bright future for manufacturing in the UK assuming there is full commitment to investment of new manufacturing methods. Fibrax Limited has in the past always invested for future requirements, this investment will continue in 2008. The investment has resulted in employment for 150 individuals at our Wrexham site.
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